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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Axos FinancialAX -0.32%85 Forward Rate of Return (Yacktman) % is 24.34% as of Mar. 2026, which is 4% below its 10-year median of 25.31. GuruFocus rates AX with a GF Scoreâ„¢ of 85/100 and a GF Valueâ„¢ of $88.35 (Fairly Valued). The stock has 6 warning signs investors should review. Among 1,412 Banks companies, Axos Financial ranks better than 73.02% on this metric.
Yacktman defines forward rate of return as the normalized free cash flow yield plus real growth plus inflation. Axos Financial's forward rate of return for was 24.34%.
The historical rank and industry rank for Axos Financial's Forward Rate of Return (Yacktman) % or its related term are showing as below:
AX'
s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: 21.56 Med: 25.31 Max: 38.22
Current: 23.74
During the past 13 years, Axos Financial's highest Forward Rate of Return was 38.22. The lowest was 21.56. And the median was 25.31.
AX's Forward Rate of Return (Yacktman) % is ranked better than 73.02% of 1412
companies
in the Banks industry
Industry Median: 15.4
vs AX: 23.74
Unlike the Earnings Yield %, the Forward Rate of Return uses the normalized Free Cash Flow of the past five years, and considers growth. The forward rate of return can be thought of as the return that investors buying the stock today can expect from it in the future.
Axos Financial (NYSE:AX) Forward Rate of Return (Yacktman) % Explanation
Unlike the Earnings Yield, the Forward Rate of Return uses the normalized Free Cash Flow of the past five years, and considers growth. The forward rate of return can be thought of as the return that investors buying the stock today can expect from it in the future.
For the growth part of the Forward Rate of Return calculation, GuruFocus uses the 5-year average growth rate of Book Value per share as the growth rate, and the growth rate is always capped at 20%. For the Free Cash Flow we use per share data averaged over five years. The reason we use five years is to make it comparable to the growth rate.
Be Aware
In the Forward Rate of Return calculation, the growth rate is added directly to today's free cash flow yield. Therefore the calculation is reliable only if the company can grow at the same rate in the future as it did in the past. Investors should pay close attention to this when researching growth stocks. A more accurate measurement for return is Return on Capital.
Axos Financial Forward Rate of Return (Yacktman) % Related Terms
Axos Financial Forward Rate of Return (Yacktman) % Historical Data
* Premium members only.
The historical data trend for Axos Financial's Forward Rate of Return (Yacktman) % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Axos Financial Forward Rate of Return (Yacktman) % Chart
AX vs OZK, HOMB, FFIN: Forward Rate of Return (Yacktman) % Comparison
For the Banks - Regional subindustry, Axos Financial's Forward Rate of Return (Yacktman) %, along with its competitors' market caps and Forward Rate of Return (Yacktman) % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Axos Financial Forward Rate of Return (Yacktman) % vs Banks Industry
For the Banks industry and Financial Services sector, Axos Financial's Forward Rate of Return (Yacktman) % distribution charts can be found below:
* The bar in red indicates where Axos Financial's Forward Rate of Return (Yacktman) % falls into.
Axos Financial Forward Rate of Return (Yacktman) % Calculation
Forward Rate of Return is a concept that Don Yacktman uses in his investment approach. Yacktman explained the forward rate of return concept in detail in his interview with GuruFocus. Yacktman defines forward rate of return as the normalized free cash flow yield plus real growth plus inflation. He said in the interview (March 2012, when the S&P 500 was at about 1400):
If the business is stable, this calculation is fairly straightforward. For instance, on the S&P 500 we would normalize earnings. We would then calculate what percentage of those earnings are not reinvested in the underlying businesses and are therefore free. Historically, for the S&P 500, this has been just under 50% of earnings. Currently, we expect the S&P to earn about 70 on a normalized basis, a number which is far below reported earnings due to our adjusting for record high profit margins. $70 X ½ / 1400 gives you a normalized free cash flow yield of approximately 2.5%.
The historical real growth rate of the S&P 500 (companies) is about 1.5%. Assuming an inflation rate of 2.5%, the forward rate of return on an investment in the S&P 500 is about 6.5% today (2.5% free cash flow yield plus 1.5% real growth plus 2.5% inflation).
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
What does a Forward Rate of Return (Yacktman) % of 24.34% mean?
Axos Financial (AX) has a Forward Rate of Return (Yacktman) % of 24.34% as of Mar. 2026. Yacktman's forward rate of return equals the sum of normalized free-cash-flow yield plus earnings growth. View historical data on Axos Financial and its competitors. This is near median its historical median of 25.31. Over the past decade, Axos Financial's Forward Rate of Return (Yacktman) % has ranged from 21.56 to 38.22. According to the industry distribution chart, Axos Financial ranks #381 out of 1412 companies in the Banks industry, placing it in the top 27%.
Is Axos Financial's Forward Rate of Return (Yacktman) % too high?
Axos Financial's current Forward Rate of Return (Yacktman) % of 24.34% is near median its 10-year median of 25.31. Over the past 10 years, this metric has ranged from a low of 21.56 to a high of 38.22. The Banks industry median Forward Rate of Return (Yacktman) % is 15.40. Axos Financial's value of 24.34% is 58.1% above this industry median. Based on the distribution chart, Axos Financial ranks #381 out of 1412 companies in the Banks industry, which is above the industry midpoint. Overall, Axos Financial has a GF Scoreâ„¢ of 85/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Axos Financial's Forward Rate of Return (Yacktman) % compare to OZK and HOMB?
According to the Banks industry distribution chart, Axos Financial ranks #381 out of 1412 companies for Forward Rate of Return (Yacktman) %. This puts Axos Financial in the upper half of its industry. The industry median Forward Rate of Return (Yacktman) % is 15.40. Axos Financial's value of 24.34% is 58.1% above this benchmark. Historically, Axos Financial's own Forward Rate of Return (Yacktman) % has ranged from 21.56 to 38.22 over the past decade. While the company's 10-year median is 25.31 vs. the industry median of 15.40, Axos Financial has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Forward Rate of Return (Yacktman) % for a Banks company?
The median Forward Rate of Return (Yacktman) % among Banks companies is 15.40, based on 1,412 companies in the industry. Companies in the top quartile (top 25%) have a Forward Rate of Return (Yacktman) % significantly above this median, while those in the bottom quartile fall well below. However, Forward Rate of Return (Yacktman) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Axos Financial's current Forward Rate of Return (Yacktman) % of 24.34% is 58.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Forward Rate of Return (Yacktman) % mean?
A high Forward Rate of Return (Yacktman) % can signal that a stock is expensive relative to its fundamentals. Yacktman's forward rate of return equals the sum of normalized free-cash-flow yield plus earnings growth. View historical data on Axos Financial and its competitors. For the Banks industry, the median Forward Rate of Return (Yacktman) % is 15.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Axos Financial's current Forward Rate of Return (Yacktman) % is 24.34%, which is near median its own 10-year median of 25.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Axos Financial stock overvalued right now?
Based on GuruFocus' analysis, Axos Financial (AX) is currently considered Fairly Valued. The stock's GF Value™ is $88.35, compared to a current price of $97.11 — trading 9.9% above its estimated fair value. The current Forward Rate of Return (Yacktman) % is 24.34%, which is near median its 10-year median of 25.31 and 58.1% above the Banks industry median of 15.40. Axos Financial's overall GF Score™ is 85/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Forward Rate of Return (Yacktman) % calculated?
Forward Rate of Return (Yacktman) % is calculated from a company's financial statements. For Axos Financial (AX), the current Forward Rate of Return (Yacktman) % is 24.34% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Axos Financial (AX) Overvalued in 2026?
Based on GuruFocus' analysis, Axos Financial stock appears to be overvalued.
The current stock price of $97.11 is trading 9.9% above its estimated GF Value™ of $88.35.
GuruFocus considers Axos Financial to be Fairly Valued.
Key valuation signals for AX:
Forward Rate of Return (Yacktman) %: 24.34% (near median its 10-year median of 25.31)
GF Value™: $88.35 vs. price of $97.11 (9.9% above fair value)
Industry Position: 58.1% above the Banks median (#381 of 1412)
No single metric tells the full story. See the AX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Axos Financial Inc is a bank holding company that operates through its bank subsidiary, BofI Federal Bank, a nationwide bank that provides financing for single and multifamily residential properties, small to medium-size businesses in certain sectors, and selected specialty finance receivables. Its operating segments are banking business segment and securities business segment. The bank distributed its products through a wide range of retail distribution channels, including only banking brands, affinity groups, and sales teams, among others. The majority of the bank's mortgage exposure is titled toward the state of California, particularly its southern region. Net interest income is a majority of the bank's revenue.
85GF Score
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Forward Rate of Return (Yacktman) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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